Bitcoin miners are like cockroaches. They would be the last thing standing after a nuclear apocalypse. They have been hardened by the most brutal price cycles in human history. They are anti-fragile and resilient. These Johnny come latelys predicting their demise make me chuckle.
This bullish crossover and retest on BTC CME futures and the spot ETFs looks almost identical to the retest in 2022, which was followed by a rally of more than 50%.
The Everything Melt Up Is Still ON - This is another opportunity - We will party more like its the late 1990s (A "comeback" Thread)
The market has been nothing short of brutal in H2, so I feel obligated to share some data I’m looking at in regards to the “everything melt up”
1) Firstly, if anyone has ever traded or studied historical melt ups you will know that during these you will see inter cyclical parabolic moves followed by brutal and aggressive pullbacks. This is what we're seeing right now in markets based on the data below (Yes its still the 1990s all over again)
Analog match below is fairly on point and indicates that the pullback we have seen ends fairly soon!
NFA
$SPY $QQQ $BTC $ETH
Strategy has acquired 811 $BTC and repurchased $208M of $STRC. As of 11/1/26, we hold 849,327 BTC and $4.9B of USD Assets. $MSTR
https://t.co/fk7kWJxf3L
Under pressure from Israeli prime minister Benjamin Netanyahu, the Trump administration may be within days of launching a nuclear strike on Iran. The target would be Pickax Mountain in central Iran, where Israeli intelligence claims the Iranian government has restarted its nuclear enrichment program. No conventional weapon in the American arsenal can penetrate 300 feet of solid granite to destroy the tunnels where enrichment is supposedly taking place. The only military option is a nuclear strike. Netanyahu has been pushing hard for one. “Bibi calls Trump about it every day,” says an informed observer.
Netanyahu is cornered and desperate. After last week’s election results, he can’t form a government unless Trump intervenes directly in Israeli politics and brokers a deal with other parties that gives Netanyahu 61 seats in the Knesset. Otherwise, he is out as prime minister and on his way to ignominy, investigations and possibly jail. Netanyahu must stay close to Trump. He needs this war.
To that end, he’s applied maximum pressure to his closest allies in the administration, including Secretary of Defense Pete Hegseth and CENTCOM commander Brad Cooper. Both oppose a negotiated settlement to the war they’ve so grievously mismanaged; both are pushing to restart major combat operations. Secretary of State Marco Rubio and CIA director John Ratcliffe are also following Netanyahu’s lead, as are leaders of the Democratic Party. In a recent meeting on the subject, former president Barack Obama said he opposes the current Iran peace deal being drafted in Doha.
The rest of America’s longtime allies in the Middle East are terrified by the prospect of more war. On September 27th, Netanyahu flew secretly to Abu Dhabi to enlist the UAE in his lobbying effort for a final attack on Iran. The Emiratis refused. After eight months of conflict, Gulf economies are teetering. So are global energy and fertilizer markets. They won’t recover soon. Globally, there are a total of about 850 supertankers used to transport oil from producers to the rest of the world. In October alone, 11 of them were badly damaged in Hormuz. At this pace, a global depression is imminent. A nuclear strike would radically accelerate the destruction. Fallout from a ground explosion at Pickax Mountain would contaminate the Persian Gulf, poisoning the water supply for 100 million people.
And those are just some of the immediate consequences for the region. The rest of the world is every bit as exposed. No country other than the United States has ever used a nuclear weapon in war. Some would like to. An American nuclear attack on Iran would set a new precedent. The Russians have already told at least two other governments that an American nuclear strike on Iran would free them to use nuclear weapons against Ukraine. Pakistan and India would be tempted to do the same against each other, as would North Korea against Seoul. After the first nuclear strike, World War Three is inevitable. That war would be short and final.
We’ve been sleepwalking toward this moment for months. Since February, the administration has quietly rewritten America’s nuclear doctrine to make first use of so-called “battlefield nukes” easier and therefore more likely. No one in Washington in either party seems bothered by this. Now we’re on the brink of it.
Close observers say Trump is likely to decide by next weekend whether or not to use nuclear weapons. That would be November 7, six days from now. To his credit, he’s hesitating. At the moment, Trump is listening to his vice president, JD Vance, and to his envoy and friend Steve Witkoff, both of whom argue a deal with Iran can be made.
They’re right, though it won’t be simple. The Iranians are famously frustrating to negotiate with under any circumstances, and elements of that government have become more radical since Ayatollah Ali Khamenei and his family were killed in February. After decades of isolation, even relatively moderate Iranian leaders seem confused by how decisions are made in the West. (There is a widespread belief in Tehran, for example, that the United States government controls Israel.) But overall, people who have spoken to decision-makers in Iran say there is consensus there that more war is bad for everyone and a deal is worth making.
One group that hasn’t been consulted so far is the global population — the hundreds of millions of people who will be killed along with their children if Trump is pushed by Netanyahu into launching a nuclear strike next week. Now would be the time for them to speak up.
Oct 31, 2008: a pseudonym, a 9-page PDF, a mailing list. 18 years later:
- 1.47B transactions in 973,981 blocks; record day 927k (Apr 2024)
- 9.29B BTC moved: $176T gross, ~$61T net of change; biggest tx 550,000 BTC (2011)
- 1.59B addresses have held coins; 164M UTXOs; longest coin chain 4.63M hops
- 7 MH/s on one CPU to 1.2 ZH/s, ~21 GW, about 20 nuclear reactors' output
- 20.1M of 21M BTC issued; 3.6M untouched 10+ yrs, Satoshi's ~1.1M never moved
- $0.09 to $77k
Still nobody's in charge.
@AdamSimecka Yeah it was said just a few weeks ago that a hack was coming and right on time the hack came to no other than Binance. It's not chocking, more so it's getting tiresome.